Log In/Sign Up
Your email has been sent.
1108 Blake Ave 3,400 SF 33% Leased Retail Building Brooklyn, NY 11208 $2,105,400 CAD ($619.24 CAD/SF) 7.66% Cap Rate
Investment Highlights
- Vacant Apartments
- Corner Building
Executive Summary
Invictus Property Advisors is pleased to present the exclusive offering of 1108 Blake Avenue, a three (3) unit mixed-use asset located in East New York, Brooklyn.
The building comprises two (2) vacant free market residential units, and one occupied ground floor retail space is leased to a deli that runs through 2028. The property also has a two-car garage in the rear.
The property is protected under Tax Class 1, which limits property tax increases year over year. Additionally, the lot benefits from QRS (Qualified Residential Site) designation and features a 2.5 FAR. It is also conveniently situated just five (5) blocks from the Shepherd Street Subway Station, served by the C line.
The building comprises two (2) vacant free market residential units, and one occupied ground floor retail space is leased to a deli that runs through 2028. The property also has a two-car garage in the rear.
The property is protected under Tax Class 1, which limits property tax increases year over year. Additionally, the lot benefits from QRS (Qualified Residential Site) designation and features a 2.5 FAR. It is also conveniently situated just five (5) blocks from the Shepherd Street Subway Station, served by the C line.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,400 SF
Building Class
C
Year Built
1910
Price
$2,105,400 CAD
Price Per SF
$619.24 CAD
Cap Rate
7.66%
NOI
$161,201 CAD
Percent Leased
33%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.60
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
R5 | C1-3 - Medium density district with a height limit of 40 feet
Parking
2 Spaces (0.59 Spaces per 1,000 SF Leased)
Frontage
21’ on Blake Ave
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04071-0031 | Total Assessment | $81,591 CAD (2026) |
| Land Assessment | $6,629 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $74,962 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
04071-0031
Land Assessment
$6,629 CAD (2026)
Improvements Assessment
$74,962 CAD (2026)
Total Assessment
$81,591 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1108 Blake Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.